A discount on a closed-end fund can increase its investment return
Indicate whether the statement is true or false.
TRUE
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The Built-Rite mowing company has been selling its lawnmowers to retail outlets for years. The company has decided it wants to tap into new markets, so it is looking to sell its mowing tractors to county institutions for mowing grass along public highways. If the county institutions purchase the Built-Rite mowers, it would be an example of
A. a new buy. B. a straight rebuy. C. a first buy. D. an institutional buy. E. a modified rebuy.
Profitability ratios attempt to assess the company's ability to generate earnings.
Answer the following statement true (T) or false (F)
The term "risk" is used interchangeably with "uncertainty" to refer to the variability of returns associated with a given asset
Indicate whether the statement is true or false
Pretty Dog Corporation manufactures two models of grooming stations, a standard and a deluxe model. The following activity and cost information has been compiled:ProductNumber of SetupsNumber of ComponentsNumber of Direct Labor HoursStandard 3 30 650Deluxe 7 50 150Overhead costs$30,000 $50,000 Assume a traditional costing system applies the overhead costs based on direct labor hours.Required:a. What is the total amount of overhead costs assigned to the standard model?b. What is the total amount of overhead costs assigned to the deluxe model?Assume an activity-based costing system is used and that the number of setups and the number of components are identified as the activity-cost drivers for overhead.c. What is the total amount of overhead costs assigned to the standard
model?d. What is the total amount of overhead costs assigned to the deluxe model? What will be an ideal response?